February 16, 2005 |
A big wet kiss from Warren Buffett gave shares of Comcast Corp. a boost yesterday. Buffett's Berkshire Hathaway Inc. disclosed late Monday that since August it had doubled its stake in Comcast to 10 million shares, worth $328.4 million. The news sent shares of Comcast, the nation's largest cable-TV company, to a gain of $1.05, or 3.4 percent, to close at $32.36 on the Nasdaq Stock Market yesterday. Time Warner Inc., the second-biggest cable company, also gained on news that another investing all-star, George Soros, bought 2.6 million shares worth $50.5 million.
November 16, 2003 |
Comcast Corp. and its complex finances faced new scrutiny when it bought AT&T Corp.'s cable systems to become the nation's biggest cable provider last year. Pressed by investors, the Center City-based cable giant began telling more about its customers and its capital costs. To trim its towering $30 billion debt, Comcast sold assets and paid down loans. Ahead of schedule, Comcast reported higher sales and fatter margins. "I'm thrilled with how well we exceeded all the original targets," chief executive officer Brian L. Roberts said Friday.
June 10, 2004 |
Comcast Corp. is reportedly in advanced talks with the Public Broadcasting Service, Sesame Workshop, and Britain's HIT Entertainment to launch a commercial-free, 24-hour digital cable network for preschool children. Officials at Comcast, which would own the largest piece of the proposed network, declined to comment on the report, which was in yesterday's Wall Street Journal. PBS and Sesame Workshop officials also declined to comment. The channel would have rights to such shows as Barney & Friends, Sesame Street, Bob the Builder and Thomas the Tank Engine, among other kiddie brands.
July 28, 2004 |
On the eve of today's quarterly earnings report, Comcast Corp. said yesterday it would begin offering faster Internet service, for a premium, to all of its high-speed Internet customers. The faster service will offer downloads of up to four megabits per second, a one-third boost over the top speed of three megabits per second currently available to most customers. Regular service with the three-megabit maximum speed costs $42.95 monthly for customers who also subscribe to cable.
July 11, 2012 |
Comcast Corp. said Tuesday that it sold its 15.8 percent stake in A&E Television Networks L.L.C. for $3.025 billion in cash. The purchaser was A&E and enables Walt Disney Co. and Hearst Corp. to share 50-50 ownership in the TV programmer, whose hit shows include Pawn Stars, Storage Wars and American Pickers . Comcast acquired its stake in A&E through NBCUniversal, which it controls in a joint venture with General Electric. The $3 billion will remain with NBCUniversal, which can use it for business purposes.
February 21, 2012 |
With the launch this week of Xfinity Streampix, Philadelphia's Comcast Corp. is jumping into an increasingly crowded and competitive market for subscription streaming video services and adding to the pressure on Netflix Inc. Comcast said Tuesday that Streampix would be included in many Xfinity packages that include Internet, cable and telephone services, as well as in certain video/high-speed Internet packages. Certain other customers can add the service, which offers past full seasons of 30 Rock, Grey's Anatomy , and other TV series, plus movies and children's programming, for $4.99 a month.
July 12, 1989 |
The British have not taken to cable television the way Americans have, but Comcast Corp., the Philadelphia firm that is one of the biggest cable-system owners in the United States, is betting they will acquire the taste. Comcast yesterday said that it would join US West Corp. of Englewood, Colo., the region's Bell holding company, as an investor, builder and operator of a cable-television and telephone franchise in the London borough of Camden. The franchise, which will serve 80,000 homes and 10,000 businesses, is held by Cable London.
November 9, 1994 |
Comcast Corp., the Philadelphia cable television and cellular phone company, blamed a second round of federally required cuts in cable rates for limiting revenue growth and cutting its third-quarter cash flow. The company said cash flow, which is income before deducting taxes, depreciation and other non-cash items, dipped 5 percent from last year's quarter to $154 million. Overall, Comcast narrowed its per-share loss to 7 cents from 16 cents and said it had strong growth: 4 percent annualized in cable subscribers, and more than 45 percent annualized in cellular subscribers.
February 19, 2005 |
About 3,000 Comcast digital video recorders - a technology critical for the company's growth strategy - were distributed to customers in the Philadelphia area and in San Jose, Calif., with software glitches that impaired their operation, according to the manufacturer. Comcast said yesterday that it now has a fix for the problem: new software that is being distributed automatically over cable systems where the devices were installed. In the meantime, the Philadelphia-based cable company is asking customers to be patient and report problems to 1-800-266-2278.